Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway - 2024
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway (FOB) - 2024
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway (CIF) - 2024
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway (FOB) - 2024
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $449 per ton in September 2023, picking up by 11% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 17% m-o-m. The export price peaked at $532 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($1,555 per ton), while the average price for exports to Denmark ($314 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway (CIF) - 2024
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $314 per ton in September 2023, rising by 5.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 11% m-o-m. Over the period under review, average import prices reached the peak figure at $373 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From January 2023 to September 2023, the rate of growth in terms of prices for Faroe Islands amounted to +0.7% per month.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway
In 2022, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -5.1% to 553K tons, falling for the second year in a row after two years of growth. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 1.4% against the previous year. As a result, the exports attained the peak of 591K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell to $279M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $285M, and then contracted modestly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 19.9 | 22.7 | 68.0 | 76.8 | 56.9% |
| Germany | 66.0 | 74.3 | 92.0 | 62.7 | -1.7% |
| Sweden | 22.3 | 24.2 | 37.5 | 38.2 | 19.7% |
| Denmark | 11.9 | 10.6 | 27.8 | 31.4 | 38.2% |
| Pakistan | 8.9 | 16.5 | 35.3 | 31.3 | 52.1% |
| India | 17.3 | 8.1 | 9.4 | 26.8 | 15.7% |
| Spain | 7.6 | 6.6 | 3.3 | 4.3 | -17.3% |
| Portugal | 9.2 | 8.3 | N/A | N/A | -9.8% |
| Others | 15.6 | 6.3 | 12.2 | 8.0 | -20.0% |
| Total | 179 | 177 | 285 | 279 | 15.9% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Norway in 2022:
- Netherlands (170.3K tons)
- Germany (143.0K tons)
- Denmark (67.5K tons)
- Pakistan (65.9K tons)
- India (39.0K tons)
- Sweden (32.8K tons)
- Spain (17.2K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway
In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels was finally on the rise to reach 390K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels surged to $139M in 2022. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 36.1 | 41.0 | 65.6 | 101 | 40.9% |
| Denmark | 20.3 | 10.6 | 22.5 | 18.6 | -2.9% |
| Finland | 22.9 | 13.2 | 16.0 | 15.0 | -13.2% |
| Others | 1.2 | 10.1 | 5.9 | 4.6 | 56.5% |
| Total | 80.5 | 74.9 | 110 | 139 | 20.0% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Norway in 2022:
- Sweden (291.5K tons)
- Denmark (48.6K tons)
- Finland (39.7K tons)
387
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Norway.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
387
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Norway.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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